Examples of Conduit Administrator in a sentence
The Conduit or its agents shall conduct a competitive process to select any party receiving a fee in connection with the provision of services to the Conduit or otherwise relating to the Conduit program, including, but not limited to, the Conduit Administrator and the Liquidity Providers.
Upon payment of the Repurchase Price, the Conduit Administrator or the Department (as applicable) shall promptly deliver to Seller or Seller’s designated agent the related Loan Documents endorsed to the order of Seller or its designee, and all documentation relating to the administration of the Loan by the Conduit or Department (as applicable) subsequent to the Purchase Date or Put Event (as applicable) including without limitation, a payment history and a collection history.
For the avoidance of doubt, the Conduit Administrator shall have no obligation to pay from its own funds any amount required to be paid by the Conduit hereunder.
The Department hereby acknowledges that the Conduit, the Conduit Administrator and certain Sellers have executed Purchase Agreements in reliance on the provisions of the Original Amended and Restated Put Agreement that were in effect prior to the date of this Agreement.
All covenants, agreements, representations and warranties made or furnished pursuant hereto by the Conduit and the Conduit Administrator shall bind and inure to the benefit of any successors or assigns of the Department and shall survive with respect to each such Putable Loan.
Within two (2) Business Days following the date of receipt of any such amounts identified to the Conduit Administrator as relating to any such Loan, the Conduit Administrator shall remit to the Department an amount equal to any such payments along with a listing on a form provided by the Department identifying the Loans with respect to which such payments were made, the amount of each such payment and the date each such payment was received.
To the extent any provision of this Agreement requires approval or consent of the Department, the Department agrees to use commercially reasonable efforts to respond to any related request for such approval or consent within five (5) Business Days thereof and, if such approval or consent is granted by the Department, such approval or consent will be delivered in writing to the Conduit Administrator.
The Department, the Conduit and the Conduit Administrator in its capacity as Eligible Lender Trustee acknowledge and agree that the Put Price paid for each Loan sold to the Department hereunder includes consideration for release by the Conduit Administrator and the Conduit of any claim it may otherwise have with respect to related servicing rights appurtenant to such Loan.
In addition, in connection with the Seller’s commitment above, on the last Business Day of each calendar month, commencing in the first month in which a Seller sells or pledges a Loan pursuant to a Purchase Agreement and ending in July 2010, the Conduit Administrator shall provide, or cause to be provided, to the Department a notice setting forth the amount of Net Cash Proceeds received by each Seller that is party to a Purchase Agreement during such month.
After getting the signature, verifier interacts with the signer for the verification of signature.